Brief:

Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC is trading between a 24hr high of 0.00004846 BTC ($00.35) and a 24hr low of 0.00004314 BTC ($00.31) on a 24hr Bittrex volume of 3,217 BTC. This trading volume is light. The weekly price trend is mixed.

Remarks

Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC is trading between a 24hr high of 0.00004846 BTC ($00.35) and a 24hr low of 0.00004314 BTC ($00.31) on a 24hr Bittrex volume of 3,217 BTC. In light volume trading the weekly trend is mixed.

The bitcoin ($BTC) meltdown continues. The bottom is not clear yet. What is clear is that every major $BTC fall is met with across the board cryptocurrency market falls.

Market capitalization

Market capitalization is the total $US dollar value of the Cardano market calculated using the formula:

market cap = ( circulating supply x last price )

Market cap

$ 8,296,662,572

Circulating supply

25,927,070,538

Last price

$ 00.32

Daily High Low

daily high

0.00004846 BTC

daily low

0.00004314 BTC

Trend

The weekly trend is mixed. The general cryptocurrency trend follows bitcoin – which is on a downtrend.

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period

resistance

day

0.00004846 BTC

week

0.00005450 BTC

Support

Support is the lowest price within the period:

period

support

day

0.00004314 BTC

week

0.00003700 BTC

Market sentiment

Market sentiment is bearish.

Image courtesy Pixabay.com

Summary

Bitcoin drops -12.91% to $7,409.42. Most crypto falls. Cardano is down -6.78% in 24 hours, down -16.58% on the week and down -41.60% on the month on a last price of 0.00004411 BTC or about $00.32. The Cardano marketcap is $8,296,662,572 with a circulating supply of 25,927,070,538 $ADA. $ADA/BTC saw weekly resistance at 0.00005450 BTC ($00.39) and weekly support at 0.00003700 BTC ($00.27). Market sentiment is bearish. The weekly price trend is mixed in daily light volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer: